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Collective Health Valued at $1.5 Billion After Funding Infusion

Health-coverage IT firm raises $280 million from investors, including major seller of Blue Cross Blue Shield plans

Collective Health

Collective Health

Source: Collective Health
Updated on

Startup Collective Health has reached a valuation of about $1.5 billion after raising $280 million in new funding in the latest sign that investors are eager to bet on private health-care companies. 

Collective Health, founded in 2013, offers employers a way to knit together various health benefits -- medical, prescription drug, dental, vision, as well as other specialized offerings — on a single technology platform. Among its new investors is Health Care Service Corporation, a major seller of Blue Cross Blue Shield health plans, as an investor and business partner. HCSC’S self-insured employer clients will be able to opt-in to use Collective Health’s systems, giving them a more complete view into what they pay for health care.